MIDEAST STOCKS-Egypt's fall slows, Saudi Telecom dividend plan lifts Riyadh | Reuters:
"The slide of Egypt's stock market slowed early on Wednesday after three days of big falls, while a dividend plan announced by Saudi Telecom boosted Riyadh's market.
The Egyptian index tumbled 9.5 percent over the past three days because of fears of a currency devaluation or an interest rate hike, after a U.S. interest rate rise in December began to look likely and the Russian plane crash in the Sinai threatened Egypt's tourism revenues.
Those fears have not gone away, but there was cautious buying-back in a few stocks in the opening minutes of Wednesday, with real estate developer Talaat Mostafa edging up 0.3 percent."
'via Blog this'
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